Common use of Use of HOME Funds Clause in Contracts

Use of HOME Funds. The GRANTOR agrees to provide the DEVELOPER an amount not to exceed $40,000 from its Federal Fiscal Year FY 2007-2008 HOME Community Housing Development Organization (CHDO) set-aside to be used for providing down payment assistance to low- to moderate-income households for the acquisition of lease-purchase homes. The DEVELOPER shall use the Funds in accordance with the HOME program guidelines outlined in 24 CFR Part 92 in carrying out the PROGRAM in the manner as described below:

Use of HOME Funds. The GRANTOR agrees to provide the DEVELOPER an amount not to exceed $40,000 102,041 from its Federal Fiscal Year FY 20072004-2008 2005 HOME Community Housing Development Organization (CHDO) set-aside to be used for providing down payment assistance to low- to moderate-income households for purchase of the acquisition of lease-purchase homesPark Street Apartments located at 000,000 xxx 000 Xxxx Xxxxxx xx Xxxxxxxxx, Xxxxxxxx. The DEVELOPER shall use the Funds in accordance with the HOME program guidelines outlined in 24 CFR Part 92 in carrying out the PROGRAM in the manner as described below:

Use of HOME Funds. The GRANTOR agrees to provide the DEVELOPER an amount not to exceed $40,000 156,000 from its Federal Fiscal Year FY 2007-2008 HOME Community Housing Development Organization (CHDO) set-aside to be used for related development functions and providing down payment assistance to low- to moderate-income households for the acquisition of lease-purchase homeshomeownership opportunities. The DEVELOPER shall use the Funds in accordance with the HOME program guidelines outlined in 24 CFR Part 92 in carrying out the PROGRAM in the manner as described below:

Use of HOME Funds. The GRANTOR agrees to provide the DEVELOPER an amount not to exceed $40,000 85,000 from its Federal Fiscal Year FY 2007-2008 HOME Community Housing Development Organization (CHDO) set-aside to be used for related development functions and providing down payment assistance to low- to moderate-income households for the acquisition of lease-purchase homeshomeownership opportunities. The DEVELOPER shall use the Funds in accordance with the HOME program guidelines outlined in 24 CFR Part 92 in carrying out the PROGRAM in the manner as described below: